Home » Press release (Tatneft): Figures Demonstrating Results of Operations in February of 2019

04/03/2019

Press release (Tatneft): Figures Demonstrating Results of Operations in February of 2019

Crude Oil Production

The enterprises of TATNEFT Croup of Companies produced 2,281 thousand tonnes of crude oil in January 2019 (103.4 percent versus February 2018), while the production volume for two months amounted to 4,821 (103.6% versus 2018), including PJSC TATNEFT production in February amounting to 2,255 thousand tonnes (103.5 percent versus February 2018 with the two months production amounting to 4,767 thousand tonnes (103.7 percent versus 2018).

OOO Tatneft-Samara produced 25 thousand tonnes (97.1 percent versus February 2018), while the production volume for two months amounted to 54 thousand tonnes (97.7 percent versus 2018) in licensed areas outside Republic of Tatarstan in February

The production volume of high viscosity oil amounted to 173 thousand tonnes (+24 thousand tonnes versus same period of 2018).

New Drilling

75 new wells were built and delivered to customers in January (93 wells in 2018), including drilling of 39 production wells and 36 wells drilled to bitumen deposits.

Active Well Stock Drilling

19 wells were delivered as sidetracks and horizontal wellbores for two months of 2019.Drilling of Wells Outside the Republic of TatarstanWell No. 22 for Tatneft-Samara Company was completed is in the process of drilling in the Samara region.

Repair of Wells

The remedial well servicing and workover crews performed basic well servicing in 1601 wells at the sites of PJSC TATNEFT in two months of 2019 (822 wells in February), while work over operations were performed at 379 wells (195 wells in February).

Formation hydrocracking operations were carried out in 133 wells (72 wells in February). There were 6 wells were repaired outside the Republic of Tatarstan.

The TANECO Complex of Refining and Petrochemical Plants processed 715.3 thousand tonnes in February with the volume processed since the beginning of the year amounting to 1505.6 thousand tonnes, while the volume of petroleum feedstock processed from the beginning of the year - 1401.9 thousand tonnes in February.

The Complex yielded 669.3 thousand tonnes of petroleum products in February 2019; while the products yield from the beginning of the year amounted to 1399.08 thousand tonnes, with motor gasoline brands accounting for 84.97 thousand tonnes, and 159.7 thousand tonnes from the beginning of the year.

Forward-looking statements:This press release and materials thereby referred to contain certain statements about future events and expectations that are forward-looking in nature. Any statement in this press release or these materials that is not a statement of a historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. PJSC TATNEFT shall assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.